I met an appraiser at the property for one of my short sale listings yesterday to let her in to the property.
She was extremely nice, friendly, professional, and..................FRAZZLED.
This poor girl had her hands full of measuring equipment and notepads and a cell phone and all other kinds of stuff.
And she was really moving her butt along quickly to get the appraisal done.
So I asked her how many appraisals she had left today, and she replied "seven".
I informed her that I actually paid $325 for an appraisal right before submitting the short sale package because I wanted to be assured that the accepted purchase price was going to be good going into this, as I did not want their to be any appraisal issues.
She informed me that not only do the banks have her working twice as hard and expect them done twice as fast, but they have cut her pay for each BPO to less than half of what she used to get.
You know, if I had all of the banks CEO's in front of me for two minutes, I would "OOPS" each one of you upside your heads!
Shame on you for being good-for-nothin-dirty-low-downs.
And I hope Kharma finds you with her big stick and opens up a can of whoop-ass on y'all..............
Ralph - You really need to open up and tell us all how you really feel. It is a complete shame whenever people get taken advantage of.
I hope her appraisal came out similar to the one you had done recently. Yes, I feel sorry for this poor girl , too.
I suppose the banks know they will find someone to do it for the lower price so they dont care.
I hope the numbers worked for you. It is unlikely she did a good job on any of the appraisals. It is dofficult to get more than 2 done properly in a normal day. Evidently she is OK being abused in this manner so it is hard to find a lot of sympathy considering the quality of work being performed at regular cost.
Ralph - LMAO! You tell em Ralph. While I'm not a Realtor who works with BPO appraisers, I do have the same sentiment for REO banks and their management for the low down dirty crap that they're flinging on the rest of us.
Donne,
Right on!
Ditto Donne :)
Just a few more year till this passes...................................................
Ralph:LMAO as well! Poor girl, so frazzled! I am sure she was and she should be...Reminded me of myself listing 7 houses in one day...Crazy! When you roll...You better roll fast...
Thanks for ending my day with smile!
Liz
Hi Ralph, Would you "oops" those bank CEOs upside the head for me too if you happen to see them!
I wonder if the bank CEOs got a raise or bonus for cutting costs (quality too). They have chosen not to hire enough staff to handle short sales, loan modifications. They are doing there best to limit their risk on loans even if it means many less loans available to the average person. It appears that some at least are trying to dicitate how much is paid for appraisals.
I thinks the bank CEOs could use a lot of 'oops" maybe they would wake up and see who their customers are.
Ralph,
"Whoop-ass"? I haven't that in a donkey's age. What's going on with the banks down there? All I hear are stories such as this.
Ralph,
I think this also forces them to cut corners. The accuracy and quality of the work is giving me fits.
Ralph,
You are too funny! I agree the banks shouldn't be allowed to do stuff like that. That poor woman must be so frustrated. Thanks for sharing, and making us think.
Your friend in the Cosmic Cow Pie.
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